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  • Price cut: $20K (1/16)
    $779,000

    11750 Rye Key Dr, Cedar Key, FL 32625

    --beds
    --baths
    5.53Acres
    Unimproved Land
    Built in ----
    5.53 Acres Lot
    $-- Zestimate®
    $--/sqft
    $21/mo HOA

    What's special

    Private spaceAt the very point
    If you are looking for special, take a look at this exclusive water front island property in Cedar Key, Florida! Inside the island's gated Rye Key neighborhood, this amazing lot is at the very point, almost completely surrounded by Gulf of Mexico waters! The property includes rights to the the surrounding waters--for a total of 5.53 acres--and approximately 1.2 of these acres are usable uplands! Build your dock and boathouse at the very point, and you will enjoy the ABSOLUTE BEST deep water access on the whole island! Right off the channel, this area is always nice and deep, so your water access will not be limited by tides as in other areas. With all of this upland, you will have plenty of room to build your dream home, and to create a unique, private space. There's room for a swimming pool, a garage, a large garden, a workshop, and an accessory dwelling--whatever you might want to include in your homestead--this much private island upland is a very rare luxury! Move into your new elevated home and you will enjoy gorgeous unobstructed sunrise views to the east, and exquisite unobstructed sunset views to the west. You have to see it. It just doesn't get any better than this.
    983 days
    |
    354
    |
    21
    |

    Zillow last checked: 7 hours ago

    Listing updated: January 16, 2026 at 02:01pm

    Listed by:

    Vanessa Edmunds 352-210-1155,

    Cedar Key Realty, Inc. 352-543-9899

    Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 786822MLS Logo

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Exterior features: Dock
      • Fencing: Mixed Type,Gate
      • On waterfront: Yes
      • Waterfront features: Gulf Front, See Remarks
      • Body of water: Gulf of Mexico
      • Frontage length: Waterfront Footage: 850
      Lot
      • Size: 5.53 Acres
      • Features: Multiple Lot(s), One Way - Dead End, Other, Oversize, Room for a Pool, Native Plants, Wooded, Flood Plain
      • Topography: Level
      • Residential vegetation: Wooded, Grassed
      Details
      • Has additional parcels: Yes
      • Parcel number: 0034900100

      Utilities & green energy

      • Electric: Electric - Central FL Coop
      • Water: Community, Metered

      Community & HOA

      Community
      • Subdivision: Rye Key
      HOA
      • Has HOA: Yes
      • HOA fee: $250 annually
      Location
      • Region: Cedar Key

      Financial & listing details

      • Tax assessed value: $339,600
      • Annual tax amount: $7,164
      • Date on market: 7/13/2023
      • Listing terms: Cash,Conventional
      • Road surface type: Limerock

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        1/16/2026Price change$779,000-2.5%
        Source: Dixie-Gilchrist Levy Counties BOR #786822 Report a problem
        1/18/2025Price change$799,000-3.2%
        Source: Dixie-Gilchrist Levy Counties BOR #786822 Report a problem
        7/22/2024Price change$825,000-15.4%
        Source: Dixie-Gilchrist Levy Counties BOR #786822 Report a problem
        3/20/2024Price change$975,000-2%
        Source: Dixie-Gilchrist Levy Counties BOR #786822 Report a problem
        7/13/2023Listed for sale$995,000-33.7%
        Source: Dixie-Gilchrist Levy Counties BOR #786822 Report a problem
        5/1/2022Listing removed--
        Source: Dixie-Gilchrist Levy Counties BOR #783445 Report a problem
        1/5/2022Listed for sale$1,500,000+512.2%
        Source: Dixie-Gilchrist Levy Counties BOR #783445 Report a problem
        6/1/1995Sold$245,000
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$6,830 -4.7%$339,600
        2023$7,165 +1.7%$339,600
        2022$7,049 -2%$339,600 +0.2%
        2021$7,193 -0.4%$339,002
        2020$7,221 -27.4%$339,002 -31%
        2019$9,940 -1.2%$491,141
        2018$10,066 $491,141 +3.6%
        2017$10,066 +2.5%$474,215
        2016$9,822 +82.5%$474,215 +2.2%
        2015$5,384 +2.3%$464,021 0%
        2014$5,264 $464,048 +62.9%
        2013-- $284,939 +1.7%
        2012-- $280,176 +3%
        2011-- $272,016 +1.5%
        2010-- $267,996 +2.6%
        2009-- $261,141 +0.1%
        2008-- $260,880 +3%
        2007-- $253,282 +2.5%
        2006-- $247,104 +3%
        2005-- $239,907 +3%
        2004-- $232,920 +1.9%
        2003-- $228,578 +2.4%
        2002-- $223,221 +1.6%
        2001-- $219,706 +3%
        2000-- $213,307

        Find assessor info on the county website

        BuyAbility℠ payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Boost your down payment with 6% savings match

        Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

        Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

        Climate risks

        Neighborhood: 32625

        Getting around

        3 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Levy

        Source: Dixie-Gilchrist Levy Counties BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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